Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sees Strong Trading Volume – Still a Buy?

Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) saw strong trading volume on Tuesday . 16,050,117 shares changed hands during mid-day trading, an increase of 519% from the previous session’s volume of 2,591,327 shares.The stock last traded at $25.80 and had previously closed at $25.83.

Schwab U.S. TIPS ETF Price Performance

The company’s 50 day moving average is $26.16 and its 200-day moving average is $26.32.

Institutional Investors Weigh In On Schwab U.S. TIPS ETF

Several hedge funds have recently added to or reduced their stakes in the business. Aptus Capital Advisors LLC increased its stake in shares of Schwab U.S. TIPS ETF by 11.8% during the second quarter. Aptus Capital Advisors LLC now owns 4,390 shares of the company’s stock worth $228,000 after purchasing an additional 463 shares during the period. Jackson Creek Investment Advisors LLC increased its position in Schwab U.S. TIPS ETF by 5.8% during the 2nd quarter. Jackson Creek Investment Advisors LLC now owns 12,529 shares of the company’s stock worth $652,000 after buying an additional 683 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 78.1% during the second quarter. Larson Financial Group LLC now owns 5,689 shares of the company’s stock worth $296,000 after buying an additional 2,495 shares in the last quarter. Sage Financial Group Inc. boosted its position in shares of Schwab U.S. TIPS ETF by 2.5% in the second quarter. Sage Financial Group Inc. now owns 255,609 shares of the company’s stock valued at $13,294,000 after acquiring an additional 6,353 shares during the period. Finally, FDx Advisors Inc. grew its stake in shares of Schwab U.S. TIPS ETF by 241.3% in the second quarter. FDx Advisors Inc. now owns 312,762 shares of the company’s stock valued at $16,267,000 after acquiring an additional 221,116 shares in the last quarter.

About Schwab U.S. TIPS ETF

The Schwab U.S. TIPS ETF (SCHP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasury inflation-protected securities with at least one year remaining in maturity. SCHP was launched on Aug 5, 2010 and is managed by Charles Schwab.